Economy of Germany

Economic growth in the euro area and across the European Union slowed sharply in the second quarter after a better performance earlier this year, a final, unaudited Eurostat estimate showed.

Insurer Allianz has invested more than 1 billion euros (around $1.1billion) since 2008, Tolga Gürkan, the chairman of the executive board of Allianz Türkiye, told Anadolu Agency.

The German economy shrank by 0.1 percent in the second quarter from the previous quarter as global trade conflicts and troubles in the auto industry weighed on Europe's largest economy.

Friedrich Joussen, chief executive officer of travel operator Tui, told Kathimerini in an interview published on Sunday that even more important than lower taxes are laws "being applied to everybody," including social security contribution provisions.

A 23-year-old man has died after a car accident in the northern Athens suburb of Aghios Stefanos on Tuesday.
Reports have identified the victim as Alexandros Zaharias, son of the owner of Greek toy store chain Zaharias.

German car maker Volkswagen plans to build a factory for the production of several automotive models in Turkey, Automobileworld, a German automobile magazine, said on Friday.

This information means that the new Volkswagen car factory will not be based in Bulgaria.

Turkey's Enerjisa and Germany's Enercon won Turkey's second Renewable Energy Resources Zones (YEKA) wind energy tenders for a total capacity of 1,000 megawatts (MW) on May 30.

Economy Minister Emil Karanikolov declined to comment on the postponement of the decision by the German automotive giant Volkswagen on where they will build their new plant in the Balkans.

The first load of Kri-Kri ice cream is leaving for Canada next week, after the listed dairy firm also sent a similar shipment to China a few days ago, providing a major boost to the Serres-based company's exports.

Kri-Kri also expects a further increase in turnover through its ongoing cooperation with the Lidl Hellas supermarket chain in the yogurt category.

Greece's biggest telecoms operator OTE posted a 0.9 percent drop in first-quarter core profit on Thursday as weakness in Romania outweighed growth in its home market.